Proceedings.

Mercy Falls BC Inc.

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Active
Proceeding
CCAACompanies’ Creditors Arrangement Act, R.S.C. 1985, c. C-36
Court
Supreme Court of British Columbia
File
S-253718
Filings held43
Last activity5 Aug 2026
On the record493 days
OverviewSummary updated

Mercy Falls BC Inc. commenced CCAA proceedings on May 16, 2025 and remains under court protection, the stay having been extended to September 8, 2025, December 5, 2025, March 31, 2026 and now November 30, 2026. The First Volturno Affidavit put liabilities at $8,471,709: secured claims of $3,497,203, including $3,139,179 owed to National Bank of Canada under a November 2024 tax credit facility secured by a general security agreement, $341,000 to parent and interim lender Nuts & Bolts Productions, LLC, and $17,024 to Fraser River Paint & Body Ltd.; and unsecured claims of $4,974,506. No total asset figure was stated. Assets described included cash of approximately $215,000 as at May 12, 2025 and a tax refund receivable of approximately $3,300,000 expected in September 2025.

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Case updates44 dated entries

41 earlier updates, back to 16 May 2025 — subscribers.

Parties

Debtor

Mercy Falls BC Inc.

Monitor

MNP

Bench and counselPer the orders and service lists on the record

Bench

JudgeCourtOn this docketCases on record
Justice BasranSupreme Court of British Columbia8 orders, May 2025 – Sep 20265 cases on record

Counsel of record

PartyCounselFirst seenSource
MonitorMNPMcCarthy Tétrault LLP20 Jul 2026Service list · 20 Jul 2026
ApplicantMercy Falls BC Inc.McEwan Cooper Kirkpatrick LLP · Miller Thomson LLP · Poulus Ensom Smith LLP
Previously Litigation Counsel for the Petitioner (last seen 24 Oct 2025)
24 Oct 2025Service list · 20 Jul 2026
Interim lenderMichael, Evrensel & Pawar LLP20 Jul 2026Service list · 20 Jul 2026
CreditorARRI Americas, IncLazare Potter Giacovas & Moyle LLP20 Jul 2026Service list · 20 Jul 2026
CreditorMBS Equipment Company Canada LtdCoulson Litigation & Advisory20 Jul 2026Service list · 20 Jul 2026
CreditorNational Bank of CanadaBlake, Cassels & Graydon LLP20 Jul 2026Service list · 20 Jul 2026
CreditorTop Film Distribution CorpGreenberg Glusker LLP20 Jul 2026Service list · 20 Jul 2026
Capital structureAs asserted in the filings
Priority classCreditorAmountSource
Deemed trusts (CRA and other)Canada Revenue Agency · in 926 casesDeemed trust class (source deductions); Petitioner stated to be up to date on GST/HST remittances — debtor: Mercy Falls BC Inc.$17.5KAffidavit #1 of Jeanette Volturno
4 more claims across lower-ranking classesSubscribe to view⁠
RecoveriesAs declared or paid

National Bank of Canada: paid in full.FinalNotice of Application re Stay Period to August 31, 2026. · 16 Apr 2026

ClassCreditorClaimsRecoveryBasisSource
SecuredNational Bank of Canada—paid in fullFinalper the debtorNotice of Application re Stay Period to August 31, 2026. · 16 Apr 2026
UnsecuredGST Balance (CRA)Canada Revenue Agency—paid in fullFinalper the debtorNotice of Application re Stay Period to August 31, 2026. · 16 Apr 2026

Each row is one filing's statement, copied as it reads and never computed. "Estimated" is the officer's forecast; "Under the plan" is the plan's or proposal's own term; "Final" is a declared or paid distribution; a row with no chip states no footing. A range is the two numbers stated; "of proven claims" is the document's own denominator.

Estate financialsReported figures — never derived

The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers

Cumulative receipts

$19.6K

As at 21 Apr 2026Fourth Report of the Monitor

3 more reported figures, as at 21 Apr 2026Subscribe to view⁠
Documents
43 filings
DateDocumentFile
Order re Stay Extension to November 30, 2026
  • Order date 23 April 2026
  • Presiding officer Justice Basran
  • Stay extended to 30 November 2026
PDF · Subscribers
Service List August 5 2026
  • Counsel Blake, Cassels & Graydon LLP
PDF · Subscribers
Service List as of July 20, 2026
  • Counsel Michael, Evrensel & Pawar LLP
PDF · Subscribers
Order Made After Application re Stay Extension to April 30, 2026
  • Order date 4 December 2025
  • Presiding officer Justice Basran
  • Stay extended to 31 March 2026
PDF · Subscribers
Fourth Report of the Monitor
  • Operational summary The Petitioner continues to pursue enforcement of the Default Judgment Orders against Studio in California courts, including seeking appointment of a receiver over Studio's assets, while also negotiating with third parties interested in acquiring rights to the Film; it has repaid its NBC loan in full using the recently received Tax Credit Refund.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 4 more extracted facts
PDF · Subscribers
Affidavit #4 of Jeanette VolturnoPDF · Subscribers
Notice of Application re Stay Period to August 31, 2026.
  • Recovery outcome Entries: per actual; per actual · Table missing:
PDF · Subscribers
Notice of Application re Stay Extension to March 31, 2026PDF · Subscribers
Notice of Application re Stay Extension to December 5, 2025 and Expedited Schedule
  • Recovery outcome Entries: per estimated · Table missing:
PDF · Subscribers
Order re Stay Extension to December 5, 2025
  • Order date 8 September 2025
  • Presiding officer Justice Basran
  • Stay extended to 5 December 2025
PDF · Subscribers
Application Record Cover and Index - Hearing November 25, 2025PDF · Subscribers
Affidavit #1 of Tanya WynnPDF · Subscribers
Third Report of the Monitor
  • Operational summary The Petitioner is pursuing enforcement of the Default Judgment Orders against Studio (its principal asset) through US litigation, while awaiting a CRA-audited income tax refund and continuing to pay ordinary course obligations under CCAA protection.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 4 more extracted facts
PDF · Subscribers
Application Response - National Bank of CanadaPDF · Subscribers
Affidavit #3 of Jeanette VolturnoPDF · Subscribers
Order re Damage Assessment
  • Counsel Litigation Counsel for the Petitioner
  • Presiding officer Justice Basran
PDF · Subscribers
Order re Default
  • Counsel Litigation Counsel for the Petitioner
  • Presiding officer Justice Basran
PDF · Subscribers
Affidavit #2 of Cheryl CallihooPDF · Subscribers
Affidavit #1 of Cheryl CallihooPDF · Subscribers
Affidavit #3 of Jordanna PishtonPDF · Subscribers
Notice of Application re Default Judgment and Summary Assessment of DamagesPDF · Subscribers
Order To Increase Interim Financing
  • Presiding officer Justice Basran
PDF · Subscribers
Order re Proposed Litigation SchedulePDF · Subscribers
Supplement to the Monitor's Second Report
PDF · Subscribers
Notice of Application re Stay Extension to August 25, 2025
  • Recovery outcome Entries: per estimated · Table missing:
PDF · Subscribers
Second Report of the Monitor
  • Operational summary The Petitioner's film is in post-production (suspended since December 2024 due to liquidity constraints) and it is pursuing a Contract Claim against Studio for breach of the Production Services Agreement, while also working to complete tax credit filings expected to satisfy its secured debt to NBC.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 4 more extracted facts
PDF · Subscribers
Order Made After Application re Stay Extension and Adjournment
  • Order date 12 August 2025
  • Presiding officer Justice Basran
  • Stay extended to 8 September 2025
PDF · Subscribers
Affidavit #1 of Helen NicolPDF · Subscribers
Affidavit #2 of Jeanette VolturnoPDF · Subscribers
Amended and Restated Initial Order
  • Order date 26 May 2025
  • Stay expiry 25 August 2025
PDF · Subscribers
Application Record Index - Hearing May 26, 2025PDF · Subscribers
Affidavit #1 of Zoe Jackson McGrathPDF · Subscribers
First Report of the Monitor
  • Operational summary The Company's film production is in the Post-Production stage but was suspended in December 2024 due to liquidity constraints; the Company is seeking a stay extension and increased financing to resolve a funding dispute with the Studio and complete the film.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 4 more extracted facts
PDF · Subscribers
Notice to Creditors
PDF · Subscribers
Affidavit #1 of Ryan HamiltonPDF · Subscribers
Application Response filed May 22, 2025PDF · Subscribers
Letter from McEwan Partners re CCAA counselPDF · Subscribers
Initial Order Made After Application
  • Applicant Mercy Falls BC Inc.
  • Appointee MNP Ltd.
  • Appointee role Monitor
  • Commencement date 16 May 2025
  • + 6 more extracted facts
PDF · Subscribers
List of Canadian Creditors
PDF · Subscribers
List of US Creditors
PDF · Subscribers
Petition to the Court
  • Applicant Mercy Falls BC Inc.
  • Appointee MNP Ltd.
  • Appointee role proposed monitor
  • Commencement date 15 May 2025
  • + 6 more extracted facts
PDF · Subscribers
Proposed Monitor's First Report to Court
PDF · Subscribers
Affidavit #1 of Jeanette Volturno
PDF · Subscribers

Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.

CiteProceedings., “Mercy Falls BC Inc.” (CCAA), Supreme Court of British Columbia. Retrieved 20 September 2026, https://proceedings.ca/case/mercy-falls-bc-inc

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Sources last checked · summary updated 7 August 2026 · Report a correction · Printed from proceedings.ca/case/mercy-falls-bc-inc

Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.